Top 3 Altcoins Set To Explode in 2020 | Best Cryptocurrency Investments 2020
![]() |
Top 3 Altcoins Set To Explode in 2020 | Best Cryptocurrency Investments 2020 |
all right welcome back everybody to
altcoin daily my name's Austin today I
want to bring you the top 3 alt coins
set to do very very well in 2020 bold
statement I know and I can't see the
future I'm not a financial advisor but I
can say this with so much confidence
because I didn't choose these alt coins
you did you chose every single altcoin
on this list today and hey a community
of a hundred and seventy four thousand
subscribers can't be wrong time will
tell but let's take this opportunity and
have an honest look on what
differentiates these alt coins and what
these alt coins are doing in 2020 like
the video like the video if you
appreciate this type of content and
let's jump in
the number 3 coin that you chose got a
ton of votes is XR p XR P currently
trading at about 19 cents per XR p coin
one of the oldest alt coins in the space
created way back in 2012 specifically
created for the banks and for the
financial institutions
so while Bitcoin was created to free the
average person you me from the banks
from those centralized middlemen XRP was
created to work with the banks work with
the regulators and while bitcoin is an
open public blockchain XR p is a private
semi centralized permissioned blockchain
very different beasts so what's the use
case the purpose of XR P is to be that
cryptocurrency that handles worldwide
cross-border transactions right now
current archaic systems like Swift are
slower and more expensive right it might
take three to five days if not weeks to
settle a transaction right now and cost
hundreds of dollars in fees x RP solves
this in seconds and at a fraction of a
cent and for perspective bitcoin solves
this also but right now obviously XR P
is faster and cheaper now obviously
we're not gonna have time to talk about
every single aspect of the project today
so let's just jump into the big question
are we seeing real world adoption for x
RP in 2020 because x RP has existed for
over seven years like i said one of the
oldest dogs in the space and odl
on-demand liquidity formerly X rapid has
been commercially available since 2018
so are we seeing banks use it well rip
has a ton of partnerships but let's be
clear because you subscribe to this
channel for the truth not the hype you
want the truth so let's not mistake
ripple partnerships for the actual use
of XRP they're different ripple is a
software company and they also have a
coin you investing in that coin doesn't
give you steak and ripple the software
company
just like when ripple makes a
partnership with a bank it doesn't
necessarily mean that they're using XRP
so let's flush it out which banks are
actually using XRP and yes yes I get it
ripples master plan is to first to get
all the banks using their software and
then hopefully banks will choose to use
XRP because it's faster and cheaper
ripples approach to adoption is twofold
first get the banks to use their ledger
software to send fiat money without
necessarily requiring XRP instead of the
swift way this step is important because
it doesn't radically change the way
banks do things today and then their
second step is that the banks will
choose to use XRP so in 2020 what's the
status from my research right now there
are no big banks using XRP at scale for
example Santander announced that they
were testing XRP five years ago since
then we've heard little to nothing since
SBI Holdings they've sent out
encouraging press releases the last two
years again we have yet to hear them
announce publicly that they are using
odl and moving X X X amount of money per
month Bank of America has referenced
them in interviews and referenced
they're distributed ledger technology in
their own patents Barclays at least the
investment arm of Barclays has made
investment remittance startups that are
using x RP in in row minces to and from
the philippines it's not nothing and x
RP ho dollars do like this but again to
my knowledge not a single one of those
banks has publicly announced that they
are using o DL and moving X X X amount
of x RP per month the reality is that X
our piece of volume in 2020 mainly
consists of traders escrow in and outs
wallet swaps and of course money grams 5
o DL corridors that are active right now
when ripple bought a piece of money
Graham last year I do think this was a
net positive for both parties I brought
a little more relevance to money Graham
and it did open up a lot of remittance
markets to Ripple
and yes XR pees volume did increase
since MoneyGram started moving XR P so
what does this mean generally speaking
for all of their clients for XR p volume
well right now ripples on demand
liquidity which again is their the
commercial use of XR P is recording
about 10 to sometimes even 15 million
dollars in volume per day if you're an X
R P holder you like this by the way make
sure you subscribe to the channel to
stay up to date on this perspective but
honestly 10 - even 15 million per day is
a drop in the bucket compared to the
global market
so does this show how early we are or
does this show a clear lack of interest
in my opinion of the metric that is
going to be a key indicator for XR p
success in the near short-term is
watching this is MoneyGram going to
expand past the 5 payment corridors that
they initially installed with ripples OD
l5 is good don't get me wrong but they
have had this partnership for almost a
year now and if x RP truly does save
them 10 times the money
is 10 times faster then it should be a
very easy roll out for MoneyGram to
expand their corridors in money Graham's
offices around the globe and they have a
lot and right now ripples ODL has 5
either way let me know what you think
down below in the comments after this
video
let's all check the comment section
together and let me know do you think
about x RP x RP historically speaking
has proven to be an oscillator meaning
when Bitcoin pumps x RP will pump harder
if history is any indication moving on
while x RP came in as your number 3 coin
to watch out for in 2020 aetherium makes
our list as the number 2 coin set to do
very well in 2020 currently trading at
about a hundred and eighty dollars per
eath per coin while bitcoin solved the
use case of money it is the hardest
money aetherium is attempting to solve
the use case of defy or decentralized
applications smart contracts
it's a def platform just like the
internet back in the 90s didn't reach
mass adoption until it had apps on top
of it for everyday average people to use
email browsers these were applications
aetherium and other cryptocurrencies
are allowing us to build decentralized
applications and while I'm still
skeptical of a theorems long-term
viability in a short-term aetherium is
dominating last year they received the
regulatory clarity from the CFTC
declaring aetherium as a commodity not a
security huge for institutional
investors who look for that regulatory
clarity
I mean we're watching companies in real
time choose to use aetherium
they're not using Tron they're not using
AOS they're choosing theorem even
Santander Santander bank issues and
settled a 20 million dollar bond on the
etherion blockchain last year this is
the big go signal I believe for other
people coming into the space but when I
want to focus on is as ad app dap
platform today in 2020 what are the
current statistics because obviously
five years ago a theorem had a huge
first mover advantage the generation 3
Kryptos hadn't even been invented yet
ethers generation 2 but five years later
what are the numbers and these are
specifically stats for q1 of 2020 out of
all the daily active users using deff
platforms on a blockchain aetherium
still remains ahead on average aetherium
had over 600,000 daily active users tron
close second 180 daily active users and
the Neo and AOS team not even close to
aetherium also developers in q1 of 2020
a theorem continues to retain the most
developers in the game and again I
believe the money is gonna trend where
the developers trend so eath did get a
ton of votes it did come in as your
number 2 for coins to watch in 2020
just like XRP though does have its
problems first off there is no fixed
supply meaning there will continue to be
an unlimited amount of eath created
until vitalic proposes otherwise also
and you know this as of now aetherium
still can't scale three years ago we
were talking about aetherium needs to
scale three years later we're still
talking about it in 2020 aetherium
should switch to proof of steak but
deadlines keep being pushed back while
the proof of stake aetherium date was
originally set for January 2020 this
deadline has been missed and it isn't
clear when a theorems proof of stay
will launch guesses vary from sometime
in 2020 to maybe sometime in 2021 or
never obviously according to hardcore
eath haters and the last thing is that
people assume
etherium is a hundred percent
decentralized based on marketing
campaigns based on rhetoric aetherium
was pre mind when he first launched 12
million etherium were created for the
developers 60 million etherium were pre
mind for ICO participants - by
considering that at the time of writing
102 million atheria more in circulation
that means about 70 percent 71 percent
of the existing supply was pre mind
during a theorems launch so we'll
etherium be that defy solution we're
hoping for
I don't time will tell either way like
the video like the video if you
appreciate this realistic perspective
eath is number 2 Cardno is the number
one coin that you chose to watch out for
in 2020 although eath and Cardano were
very very close Cardno is a generation 3
dap platform and aetherium competitor
and currently trading at about 3 and 1/2
cents per ad a coin now card on oh it's
a lot newer than aetherium or XRP so so
honestly, there are a whole lot less points
of contact to dissect because with XRP
and aetherium they actually have sort of
a working product so it's easy to
nitpick Carano is still in its test
phase so it's a different stage but
either way what differentiates Cardno
from other similar altcoins in the space
well first off its one of the only
peer-reviewed and academically
accredited projects in the crypto space
with over 31 technical papers published
to date second off besides scalability
besides sustainability Cardinal is one
of the few projects that are
specifically focused on interoperability
meaning that they're very aware that
there will be multiple blockchains in
the future and the blockchain that makes
it or wants to make it will have to be
interoperable with many blockchains and
Cardano is focusing on that and thirdly
Cardno is focusing their adoption
efforts
unless financially secure countries were
the people who most of them are unbanked
need a self-sovereign solution to become
banked have some financial security
so Cardano is doing a lot of things
what I want to focus on is specifically
for 2020 how decentralized is Cardno
gonna be once they launch Shelli once
they are a death platform and people are
building on top of them because we're
example AOS with 21 block producers or
Tron, for example, they're pretty
centralized there are degrees of
centralization and everything Cardno
what I like about them is that they are
making decentralization a priority
they say Cardona launched their
incentivised test net at the very end of
last year a little precursor to their
the main net how successful how popular was
this right from Charles Hoskinson the
the man himself but the whole point of
cordana is the centralization and one of
the things that we've done is we've
invested about five years of research
into building a class of protocols
living in a superset of protocols called
proof of stake and basically the idea is
that we want to go from a federated
world this world here to a dynamic world
so this is static and federated and we
want to go to a dynamic and be
centralized world and that was the point
of the incentivized test net and that
was launched in December of 2019 it's so
the idea of the idea was to get data on
some parameters in particular we were
looking at things like how much ADA is a
state and I think we'll approximately
around 12 billion here which I think is
around 40% of the total supply and then
we were also looking at things like how
many state pools we were looking at
things like network quality so basically
is a network stable is it up when people
here are trying to send transactions are
they posting and validating quickly are
we making blocks and with the expected
block schedule these types of things and
here's the reality the ITN was
overwhelming success our
decentralization target was stead of
having three entities to have 1,000 or
as close to a thousand stick pools as we
could get it's a pretty big difference
three to a thousand and we've seen over
a thousand register and I think around
300 or regularly participating in making
blocks which is a tremendous start for a
basically attest that the hissen
incentive spike alright so as far as
test nets go in terms of the uh no
people participating in the state cool
in the incentivize test net success no
developing isn't my immediate background
I'm more of a long-term researcher and
Hodel err but the fear is with proof of
stake and why to me decentralization and
proof of stake has been a challenge thus
far in the crypto ecosystem is because
the rich tend to get richer the bigger
stake pools receive more of that coin
that stake and the rich get richer
because of it so the more stake pools
we're seeing with Cardno is a positive
the frustrating thing about Kordon o is
how seemingly little that they have
actually accomplished compared to how
long they've been around they say
themselves that they're not interested
in releasing anything officially until
they're sure they can release something
without compromising the quality which
is actually refreshing in the crypto
the community now in comparison
aetherium is notorious for doing the
opposite they will write hundreds and
hundreds of lines of code realize that
the code doesn't work scrap it and then
start all over again
card oh no they won't release the code
they just skip all those steps and say
they're not going to put anything out
until they're sure they can put it out
right to the first time either way card
I know is a fascinating experiment I
believe if you're involved in the card on oh
now you probably are a hundred percent
an early adopter considering how
potentially long their timeline could be
but they got a shot.
No comments:
Post a comment